Ant Group to raise $34bn in world's biggest float

27 Octobre, 2020, 12:57 | Auteur: Auguste Feret
  • Ant Group to raise $34bn in world's biggest float

The company's much-anticipated IPO is on track to surpass Saudi Aramco's $29 billion sale previous year.

The Ant Group's Shanghai stock is priced at 68.8 yuan ($10.26) each, and its Hong Kong stock is priced at 80 Hong Kong dollars apiece ($10.32), according to its recent filings.

Alibaba's mobile payments spin-off Ant Group will raise more than $34bn (£26bn) in its market debut this week, in what will be the world's largest listing. We hope that we have succeeded by giving you the full details and information.

The bookbuilding for the Hong Kong leg will run from Monday to Friday, while books for the Shanghai leg open for one day on Thursday. That's even before it opts to exercise a so-called greenshoe option, which would allow the firm to sell more stocks.

Ant's valuation based on the pricing will be $313.4 billion, larger than some of the biggest banks in the USA, including Goldman Sachs and Wells Fargo, according to CNBC.

Massacres d’enfants à Kumba au Cameroun ce samedi 24 octobre
Dans cette guerre civile larvée, au moins 3 000 personnes sont mortes et plus de 700 000 ont fui leur domicile, indiquent les ONG.

The Next US President? Donald Trump Jr Posts 2024 Picture
KYR information reported this week that Trump Jr. and his siblings may give their father an edge on Fb and different platforms. He has also cultivated a cult following on social media, with his Twitter retorts even more abrasive than his father's.

Several dead in blast at religious school in Pakistan’s Peshawar
Mohammad Asim, spokesperson of the local Lady Reading Hospital, confirmed the toll. More details to follow. "The blast took place in a seminary during a Koran class".

Headquartered in the Chinese city of Hangzhou, Ant is aiming to raise about $17.2 billion (roughly Rs. 1,26,940 crores) in Shanghai and roughly the same in Hong Kong. Ho, who invested $400 million in Ant two years ago, added that he's trying to secure a bigger allocation of the Hong Kong shares and that being able to invest in Ant "is priceless".

Over the years, Ant has introduced more financial services, and now operates Alipay as a digital wallet which allows users in China to transfer money to others and pay for purchases both online and offline.

Ant, an online payments business, is only selling about 11% of its shares. "Every bank and securities house and fund manager will have to plug into it, while every consumer, corporate or individual, can not live without it".

The securities will begin trading on November 5, with global sovereign as well as pension funds expected to be among the major investors. CICC, Citigroup Inc., JPMorgan. and Morgan Stanley are heading the Hong Kong offering. It will issue the same amount for the Hong Kong offering, or about 3.3 billion shares in total. Ant Group did not immediately respond to Business Insider's request for comment.

Ant Group's Alipay and Tencent's WeChat Pay are similar in spirit to wildly popular US stock trading app Robinhood, in that they are user-friendly enough that anyone with a smartphone and bank account can make complicated financial transactions with a click or swipe.

Conseillé:



Populaire

PL: Wilfried Zaha Scores In Palace 2:1 Away Win At Fulham
Palace winger Wilfried Zaha scored a goal and set up another as they sealed a 2-1 win over bottom side Fulham on Saturday, climbing to fifth in the table with 10 points from six games.

Covid: Can children trick or treat in my tier this Halloween?
If the weather is warm enough, treats can also be handed out from the driveway or front lawn to allow for more space and distance. Indoors and outdoors, you are more likely to get or spread COVID-19 when you are in close contact with others for a long time.

Malaysian scandal spoils Goldman's attempt to clean up its image
Goldman has meanwhile been going through some massive changes under Solomon. And Goldman Sachs was the primary investment bank involved in 1MDB.

A Cardiff Tesco store blocked sanitary items from being sold
He said items "that other high street shops which are now closed can't sell at the moment" won't be available in supermarkets . Mr Gething said he recognised the ban on selling non-essential items was "difficult" and "hard for people to accept".

Le basket français fait son retour en clair sur la chaîne L'Equipe
Un dispositif enrichi d'une offre numérique sur le site L'Équipe , qui diffusera un match supplémentaire chaque samedi soir. Les basketteurs sarthois se déplaceront dans les Pyrénées-Atlantiques où ils affronteront l'équipe de Pau-Lacq-Orthez.

Ibrahimovic strikes twice but Roma level three times in Milan stalemate
Edin Dzeko was unmarked in front of goal when he headed his team's first equaliser after 13 minutes. Roma levelled again in controversial circumstances in the 71st minute.

Two Schools Closed, Family Gatherings Limited as BC's COVID-19 Cases Rise
Henry said 317 cases were recorded from Friday to Saturday while another 293 cases were reported from Saturday to Sunday. Henry also said the spike in cases over the past week is likely related to family gatherings during Thanksgiving.

Zeta becomes a hurricane as it nears Yucatan, heading for U.S.
The storm could make landfall anywhere from Louisiana to the Florida Panhandle, forecasters said. Some additional strengthening is possible before Zeta makes landfall in the Yucatan Peninsula.

This American astronaut just voted from space. Here's how she did it
A space station test computer is then used to test whether it can be filled out and sent back to the county clerk. She is presently on obligation on the ISS and shall be there throughout the upcoming Presidential Debate.

Jamie Foxx's Sister DeOndra Dixon Dies At 36
But Jamie promised that he will be filling that hole with all the wonderful memories he got from his now late sister. Jamie Foxx says he is crushed by the passing of his younger sister, DeOndra Dixon , at the young age of 36.